NEW YORK, NY—The Board of Directors of Fedcap Rehabilitation Services, Inc., a nonprofit agency founded in New York City over 80 years ago, today announced the establishment of The Fedcap Group, Inc., the parent company of its growing network of top-tier nonprofit agencies dedicated to advancing the economic and social well-being of the impoverished and disadvantaged. As the parent organization, The Fedcap Group will provide a platform for its agencies to collectively demonstrate the Power of Possible and to support them in delivering proven services and solving systemic problems.
“This new structure affords Fedcap the ability to both deepen our domain expertise in key areas of service, namely, Economic Development, Workforce Development, Occupational Health and Education, and to utilize our geographic presence to broaden the reach of our entire organization. It is an important next step in our national and emerging international mission-driven expansion,” said Mark O’Donoghue, Chair of The Fedcap Group Board of Directors.
“The creation of The Fedcap Group speaks to our conviction that we are better together,” said Christine McMahon, President and CEO. “By leveraging the incredible talent that we have within our organization across our network, by scaling and replicating proven strategies and by sharing information to advance our strategic planning, we are positioned to make a measurable difference in the lives of those we serve.”
In addition to the appointments of Mark O’Donoghue and Christine McMahon, as Board Chair and President and CEO, respectively of The Fedcap Group, other executives moving to the parent organization are Lorrie Lutz, Chief Strategy Officer, Karen Wegmann, Chief Financial Officer, and Kenneth Brezenoff, Corporate Counsel.
The Fedcap Group will continue to work with a growing network of businesses, government agencies, community providers and academic institutions to improve lives and help our partners meet their objectives.
Additionally, two senior executives will take on expanded roles.
Steve Coons has been appointed President of Fedcap Rehabilitation Services, Inc. This company has approximately $100 million in revenues derived primarily from Ability One contracts and our economic/business enterprises in Manufacturing and Document and Print Imaging. Steve joined Fedcap in 1988 following a distinguished 25-year career with the U.S. Navy as an expert in aviation maintenance and an in-flight safety engineer.
Steve’s leadership has resulted in both an increase in revenue and our stature in the Ability One environment. Steve is known for his unwavering commitment to ensuring that individuals with disabilities are employed and have the skills to advance their careers.
“Fedcap and SourceAmerica have worked together for over 40 years helping people with disabilities acquire the skills and confidence they need to become self-sufficient, contributing members of society,” Mr. Coons said. “Through our Source America/ AbilityOne contracts we employ hundreds of people with disabilities at competitive wages with opportunities for career advancement. The launch of The Fedcap Group and our ongoing expansion throughout the country allows us to provide more jobs and opportunities to those we are privileged to serve.”
Grant Collins has been appointed President of Fedcap, Inc., our workforce development company, which has approximately $113 million in revenues in domestic and international business. Prior to joining Fedcap, Grant served as Senior VP for Workforce Service and Chief Strategist for ResCare Inc.; Special Assistant and Senior Policy Advisor to the Assistant Secretary for Children and Families, and Deputy Director of the Office of Family Assistance (OFA) within the U.S. Department of Health and Human Services (DHHS), where he administered the nation’s principal welfare program, the $16.5 billion Temporary Assistance for Needy Families (TANF) program.
Under Mr. Collins leadership, Fedcap has become a national leader in developing solutions to assist individuals on TANF obtain living wage jobs.
“We believe that the first step on the path out of poverty is to know the dignity of work,” Mr. Collins said. “Our innovative programs demonstrate that work and self-sufficiency are possible for far more families with barriers to prosperity than previously thought, and the establishment of The Fedcap Group will allow us to reach an even greater number of those families.”
The Fedcap Group
The Fedcap Group is a global network of top-tier nonprofit companies, dedicated to advancing the economic and social well-being of the impoverished and disadvantaged. We offer a platform for our agencies to collectively showcase the Power of Possible™, enabling them to focus on delivering proven, evidence-based services and solving significant societal problems. Our innovative solutions in the areas of Education, Workforce Development, Occupational Health and Economic Development funnel through our international footprint of companies and impact the lives of over 300,000 people annually.
In partnership with business, government, the philanthropic community, academia and local nonprofit agencies, we deliver measurable shifts in academic advancement, and economic self-sufficiency for individuals in need. Through our strong customer service approach, we assist business, insurers, local governments and educational institutions meet their critical objectives.